Use the following to answer question(s):
Exhibit: Strawberries and Submarines

-(Exhibit: Strawberries and Submarines) Suppose the economy is now operating at point C. Achieving production at point F would require:
A) that the economy achieve full employment and an efficient allocation of resources.
B) that the economy reduce its production of strawberries.
C) that the economy reduce its production of submarines.
D) that the economy improve its technology or increase the quantities of factors of production it has.

Question

Use the following to answer question(s): 
Exhibit: Strawberries and Submarines
 
-(Exhibit: Strawberries and Submarines) Suppose the economy is now operating at point C. Achieving production at point F would require:
A) that the economy achieve full employment and an efficient allocation of resources. 
B) that the economy reduce its production of strawberries. 
C) that the economy reduce its production of submarines. 
D) that the economy improve its technology or increase the quantities of factors of production it has.

Quizplus · Accepted Answer

Achieving production at point F would require an improvement in technology or an increase in the quantities of factors of production, as it is currently beyond the production possibilities curve (PPC) of the economy at its current state. It does not necessarily require a reduction in the production of strawberries or submarines, and full employment and efficient allocation of resources may not be enough to reach point F if the technological capabilities or factor inputs are insufficient.

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